Teacher Retirement System of Texas lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 45.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 166,052 shares of the computer hardware maker’s stock after selling 140,818 shares during the quarter. Teacher Retirement System of Texas’ holdings in NVIDIA were worth $32,131,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. SG Americas Securities LLC grew its position in NVIDIA by 160.9% during the third quarter. SG Americas Securities LLC now owns 195,787 shares of the computer hardware maker’s stock valued at $35,001,000 after purchasing an additional 120,734 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in NVIDIA by 1.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock valued at $148,307,000 after purchasing an additional 9,565 shares in the last quarter. KCS Wealth Advisory purchased a new position in NVIDIA during the fourth quarter valued at approximately $282,000. Schwab Charles Investment Management Inc. grew its position in NVIDIA by 3.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,932,495 shares of the computer hardware maker’s stock valued at $345,473,000 after purchasing an additional 71,458 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in NVIDIA by 45.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,391 shares of the computer hardware maker’s stock valued at $4,897,000 after purchasing an additional 8,605 shares in the last quarter. Institutional investors and hedge funds own 62.84% of the company’s stock.

Several analysts have commented on the stock. Raymond James Financial boosted their target price on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Friday, November 10th. Bank of America set a $210.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Thursday, October 12th. Royal Bank of Canada boosted their target price on shares of NVIDIA from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Mizuho reissued a “buy” rating and issued a $225.00 target price on shares of NVIDIA in a research report on Tuesday, November 28th. Finally, Vetr raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and set a $218.94 target price for the company in a research report on Monday, January 1st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $202.84.

In related news, Director Dawn E. Hudson sold 3,052 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $214.39, for a total transaction of $654,318.28. Following the completion of the transaction, the director now directly owns 28,816 shares in the company, valued at approximately $6,177,862.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 171 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $185.57, for a total transaction of $31,732.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,858 shares of company stock valued at $4,227,384. Corporate insiders own 5.82% of the company’s stock.

Shares of NVIDIA Co. (NASDAQ NVDA) opened at $217.52 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 8.26 and a quick ratio of 7.42. NVIDIA Co. has a one year low of $95.17 and a one year high of $249.27. The firm has a market cap of $138,652.80, a price-to-earnings ratio of 53.98, a PEG ratio of 4.77 and a beta of 1.43.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Thursday, February 8th. The computer hardware maker reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.56. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.67 billion. NVIDIA had a net margin of 28.78% and a return on equity of 42.71%. The business’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. research analysts anticipate that NVIDIA Co. will post 4.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.28%. NVIDIA’s payout ratio is currently 14.89%.

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NVIDIA Company Profile

Nvidia Corporation focuses on personal computer (PC) graphics, graphics processing unit (GPU) and also on artificial intelligence (AI). The Company’s operates through two segments: GPU and Tegra Processor. The Company’s GPU product brands are aimed at specialized markets, including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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